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The primary differences between Proposition 19 and the 2019 initiative measure withdrawn by the California Association of Realtors are that Proposition 19 excluded the expanded business entity ownership provisions that would have resulted in commercial property reassessment under Proposition 13 (to appease major business interests who did not ...
The filing fee for submitting a proposition to the ballot has been raised by a factor of 10, from $200 to $2,000, following the signing of a law in September 2015. Originally lawmakers wanted to raise the fee to $8,000 but compromised on $2,000. The fee is refunded if the proposition makes it to the ballot.
Repeals 2008 California Proposition 8 and declares in the state constitution that the "right to marry is a fundamental right", effectively allowing same-sex couples to once again marry. [23] 4: Passed Authorizes the issuance of $10 billion in bonds to fund various water infrastructure, energy, and environmental protection projects. [24] 5: Failed
A lot of inherited property winds up in probate, which is a complex legal process that evaluates assets and outstanding debt. Probate can be an issue if the deceased doesn’t have a will, but it ...
Inheriting a home or other property can increase the value of your estate but it can also result in tax consequences. If the property you inherit has appreciated in value since the original owner ...
If you live in a state with an inheritance tax on property, you might not want to deal with a tax bill, or you’re dreading the hassle of selling the property. There’s also the possibility that ...
Proposition 215 (1996) Passed: Legalizing medical marijuana under California law. Proposition 218 (1996) Passed: Right to vote on local taxes; assessment and property-related fee reforms; initiative power expansion in regard to local revenue reduction or repeal. Constitutional follow-up to Proposition 13 (1978). Proposition 22 (2000)
The inherited property may become part of the probate process since there were no other assets to cover the HELOC. The probate court’s role varies by state, and so do the requirements. In some ...